Delta Exchange Review

Have you heard of Delta Exchange? If you primarily trade derivatives, you might be familiar with this platform and the buzz surrounding it. However, some people might be unfamiliar, which is why I’m here with this Delta Exchange review. I will go in-depth about the good, the bad, and everything else you need to know.

The Delta crypto exchange is a decent platform for derivatives trading, offering futures, options, and perpetual contracts. This makes the exchange appealing to seasoned traders who prefer to speculate on underlying future price movements instead of buying the assets themselves.

However, Delta Exchange is not without its flaws, especially when compared to other well-known exchanges like Bybit and Binance. For one, the regional restrictions are certainly a huge drawback to some people. Regardless, there are still some features you might like, which I will walk you through.

Verdict at a Glance: Delta Exchange is a suitable platform for experienced traders looking to trade derivatives, particularly futures, options, and perpetual. Beginners can also derive value from the platform, as there is a mock version of the exchange to practice derivatives trading. Plus, the availability of bot assistance helps flatten the learning curves. However, the platform lacks spot trading pair variety. There are also regional restrictions to consider, with the lack of US support being the most notable.

What is Delta Exchange?

Before we get into the meat and bones of this Delta Exchange review, I will start with a quick rundown of the platform. As previously mentioned, Delta Exchange is a centralized cryptocurrency platform geared for trading in derivative markets.

This crypto exchange was founded in 2017 by Pankaj Balani, Jitender Tokas, and Saurabh Goyal. Though the founding team was initially based in Singapore, the company is now registered in St. Vincent and the Grenadines. The exchange officially launched in 2018 and quickly gained recognition for its innovative offerings.

In September 2020, Delta Exchange became the first platform to list put and call options contracts settled in USDT. These contracts feature three types of maturities—daily, weekly, and monthly—and initially included assets such as BTC, ETH, and BNB.

By 2021, Delta Exchange had focused its growth on the Indian derivatives market, with the majority of its customers based in South and Southeast Asia. That year, the exchange reported a national trading volume of over $2 million.

Fast-forward to 2024, the platform’s derivative trading volume has skyrocketed to over $42 million. Followingly, Delta Exchange India was launched to comply with the region’s regulations on cryptocurrency trading. As of this writing, the exchange supports over 50 cryptocurrencies and alt-coins, which traders can buy or sell either on the website or the Delta Exchange app.

Delta Exchange Review: PROS

What better way to start this Delta Exchange review than going over the platform’s positive aspects? After all, there are a few interesting features of the exchange that are worth highlighting.

Derivatives Trading Variety 

Derivatives trading is probably one of the most talked-about features in many Delta Exchange reviews, and for a good reason. After all, the crypto exchange offers various trading options for those looking to diversify their portfolios. Futures, options, and perpetual contracts are available, catering to different trading styles and risk tolerance. All settlements are done either in USDT, BTC, or ETH.

However, just knowing what derivatives trading features are available might not be enough to decide which one is the best for them. So now, let’s take a deeper look.

First, let’s start with futures trading. It is a type of derivative trading in which a seller and buyer agree to perform a transaction on an asset at a predetermined time in the future. This type of trading might suit you if:

• You want to benefit from both a long position (price increases) and a short position (price decreases).
• You are looking to hedge price risks, leverage potential profit, or benefit from temporary price differences.
• You want a type of trading with smaller transaction fees compared to other derivative types.

Additionally, there's the perpetual futures contract, in which a futures agreement doesn’t have an expiry date and is sustained with a funding rate. I recommend this type of derivative if you want to maintain a position for as long as possible without having to periodically change your contracts.

Now, on Delta Exchange, there are 76 futures trading pairs to choose from, with leverages ranging from 20x at the lowest and 100x at the highest. Below are some of the most popular pairs in Delta’s futures market:

Table: Delta Exchange's future trading pairs.

After understanding futures, another available trading method is options, or a derivative contract that gives buyers the option to buy (call) or sell (put) a specific commodity at a set price on a future date.

Unlike futures, options give the buyer the flexibility to decide whether to proceed with the purchase, while the seller fulfills their obligation if the buyer chooses to act. Delta Exchange offers two main categories of options: Vanilla and Spread.

Vanilla options are the default type, offering multiple strike prices and maturity terms, including daily, weekly, bi-weekly, monthly, bi-monthly, quarterly, bi-quarterly, and yearly options, with strike price intervals ranging from 2% to 5%.

Meanwhile, Spread options combine long and short positions, further divided into Call Spread and Put Spread contracts. In Call Spreads, the lower strike call is in a long position, and the higher strike call is in a short position, while Put Spreads reverse this arrangement for put options contracts.

You may ask, who is options trading suitable for? Well, this method might suit you if you want to hedge against market volatility and protect your asset from a price decline. Options trading limits the risk of loss if the market moves against you, as you will only lose your premium if this happens.

Furthermore, Delta Exchange offers options trading for BTC, ETH and more, some with up to 200x leverage. All options are settled in the European style, where the contracts need to be sold precisely on the expiry date before 12 PM UTC.

The Beginner-Friendly Delta Exchange Testnet

While trading derivatives might seem challenging, there are ways to learn how to do it more efficiently, such as by gaining hands-on experience. That said, derivatives trading can be highly risky, and most platforms don’t offer a tool to simulate that kind of trading—which is why Delta Exchange’s next feature is a plus in my book.

Delta Exchange Testnet is a demo version of the platform where traders can do a practice run on their strategy. It’s also useful for those who want to check out how the platform works without relying only on Delta Exchange reviews and other users’ testimonies.

The Testnet’s terminal is nearly identical to the live version of the exchange. Most features you can find on the regular platform can also be found on the demo version. What’s more, it’s not limited to just derivative products. Users can also give spot market trading a try.

To use the mock platform, you can use the same account you have made for the live website. However, you have to sign in again on Testnet because it is hosted on a separate platform.

When I first tried the demo platform, the first thing I noticed was how sleek and compact the interface was. All the main categories for trading are located at the topmost part of the website for easy navigation. Traders can easily switch between various chart displays of derivative markets. There’s even a dropdown for learning resources on the options tab.

However, some features, like Robo Strategies and staking, are not available on the mock terminal. If you want to tinker with those functionalities, you have no choice but to go to the live exchange.

One thing to note: the testnet is not available on the Delta Exchange app. While it's not necessarily a dealbreaker to me, it’s something to keep in mind when you’re considering this platform.

Robo Trading

Aside from its extensive derivatives trading features, a few users noted convenience as one of the pros in their Delta Exchange reviews. Robo Trading, which allows users to invest in automated crypto trading strategies, is one part of the huge reasons why. This tool lets users put their crypto to work on autopilot and potentially earn returns over time.

There are several types of crypto trading strategies you can choose from, such as:

• Top 20 Momentum: This strategy trades top cryptocurrencies based on market cap. It takes long or short positions, depending on short-term price trends. The goal is to hold winning trades longer and sell losing trades quickly, aiming for better performance with lower risk. It uses up to 2x leverage and works best in volatile, trending markets.
• Top 2 Momentum: This method trades only in BTC and ETH, taking long or short positions based on price trends. It aims to hold profitable trades longer and exit losing ones quickly to enhance performance and reduce losses. This strategy is designed for volatile, trending markets and uses up to 3x leverage.
• DeFi Momentum: The DeFi Momentum strategy trades top DeFi assets based on market cap. It takes long or short positions depending on price trends, aiming to hold winning trades longer and exit losing ones quickly. This approach seeks to improve performance and limit losses. It is designed to perform well in volatile, trending markets and uses up to 2x leverage.
• Cash Future Arbitrage: This option uses 3x leverage and aims to profit from BTC and ETH futures price differences. It can also be used in perpetuals and spot pairs in a market-neutral setting. When trading futures, the strategy holds until futures and spot prices match at expiry.
• Large Cap AMM: The AMM strategy on Delta Exchange provides buy and sell orders for BTC/USDT and ETH/USDT contracts using USDT. It captures premiums from traders seeking liquidity above fair prices, leveraging order book data and dynamic adjustments to manage exposure.

Keep in mind that no matter how sophisticated a technology is, Robo trading will always have the potential for errors. Human intuition, decision-making, and discipline cannot be replaced. Do your own research before applying any bot-assisted crypto strategies. One way to do so is by looking at what other people say based on their experience in their Delta Exchange reviews.

Decent Security Measures

Security is a key factor in determining a crypto exchange's reputation. Since cryptocurrency is an emerging technology, it presents unique and complex challenges^[1] that all crypto exchanges, including Delta Exchange, must address.

Thankfully, Delta Exchange uses enterprise-grade multi-level security protocols to protect its users' assets. These protocols include essential security measures like multi-signature cold wallets, 2FA, data encryption, and firewalls to protect transactions from potential vulnerabilities.

Users can also fortify their assets further by setting up an anti-phishing code, which you can use to verify all the emails coming from Delta Exchange.

When anti-phishing is turned on, emails sent to you from the platform will have a special code you can check to assert email authenticity. This way, you won’t accidentally click on suspicious links or messages claiming to be Delta Exchange representatives.

To further mitigate the risk of asset loss, Delta Exchange has a policy that sets it apart from many other crypto exchanges. The platform manually reviews all withdrawal requests and only processes one request per day. This makes it harder for bad actors to drain their targets’ assets in the event of a security breach while minimizing suspicious activities.

As of writing, the platform is still safe from cyberattacks and hacking attempts—something that is complimented by many users in Delta Exchange reviews.

In addition, the platform’s commitment to upholding Anti-Money Laundering standards is worth highlighting. All users must pass the basic KYC check to start trading, with the level 2 verification being strongly recommended. Users who pass the checks can enjoy privileges like lower Delta exchange fees by trading with the platform’s native token, DETO.

This aspect of compliance is even more relevant when we’re talking about the next pros, which has a lot to do with crypto regulations in India.

Compliance With Indian Laws

You might have heard from some Delta Exchange reviews that cryptocurrency is heavily regulated in India under the country’s Financial Intelligence Unit, which results in the implementation of cryptocurrency trading taxes.^[2]

Another aspect regulated by this specific law is that people within the nation are not allowed to perform spot trading on crypto assets, which limits the range of what many exchanges can do.

Fortunately, the crypto platform circumvented this by launching Delta Exchange India, which is designed to comply with the authorities’ standards. For one, the company is fully registered under the Financial Intelligence Unit (FIU), which means it’s fully legal to operate as a financial entity within the region.

Okay, that’s good to hear, but how does the Indian version of the platform navigate crypto taxes? The answer is quite straightforward—users can only deposit and trade in INR, with no direct ownership or purchase of any crypto assets whatsoever.

Therefore, transactions on India’s Delta Exchange do not count as virtual digital assets, which are subject to taxes. The direct INR deposit and withdrawal also make the platform less complicated to navigate, because you don’t have to concern yourself with price differences between crypto assets and fiat currencies.

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Delta Exchange Review: CONS

Now that you know the best parts of the platform, it’s time I break down some of the platform's less-than-good parts in this Delta Exchange review.

Some Features are Limited

The first drawback that some Delta Exchange reviews note is how limited the options of networks that traders can use to deposit or withdraw some cryptocurrencies. Currently, Delta Exchange only supports the withdrawals and deposits of the following coins through the corresponding networks:

Table: Cryptocurrencies and their supported networks on Delta Exchange.

Note that you should verify the selected coin and network before making deposits or withdrawals. If you deposit an unsupported coin, Delta may not be able to recover it. In fact, there have been quite a few Delta Exchange reviews that complained about that.

On top of that, the exchange does not support withdrawals or deposits for fiat currencies unless you’re on Delta Exchange India.

The spot trading features are also fairly limited. As of writing, the exchange only supports 6 spot trading pairs:

• XRP/USDT
• USDC/USDT
• SOL/USDT
• ETH/USDT
• BTC/USDT
• DETO/USDT

The lack of spot trading variety means that the platform as a whole is less accessible to many traders, especially newbies and casual traders who are not interested in derivatives trading.

Inaccessible in the US and Several Other Regions

We already know that Delta Exchange has a global version and a dedicated Indian platform. Now, the question that remains is, “Is the global version supported in all countries?”.

Before we get to the full list, let’s figure out if Delta Exchange is supported in the US. The reason why I mention this is because the country is the highest crypto market revenue contributor.

Unfortunately, the US is among the countries Delta Exchange is restricted. The restrictions also include Puerto Rico and the US Virgin Islands. As of writing, there is no Delta Exchange USA either, so traders from the region might need to try other exchanges like Kraken and Coinbase, for example.

Other countries that Delta Exchange restricts include:

• St Vincent & the Grenadines;
• The United Kingdom;
• Afghanistan;
• Pakistan;
• Syria;
• Cuba;
• Canada.

Followingly, some countries aren’t fully restricted. Hong Kong and Singapore, for instance, allow their citizens to trade derivatives on Delta Exchange, but spot trading is not allowed.

Not all countries are restricted due to regional laws, either. Some countries are banned from using Delta Exchange’s service because they belong to the Financial Action Task Force’s blacklist, such as North Korea and Iran.

Delta Exchange Trading Fees

This Delta Exchange review would not be complete without covering its pricing. Understandably, how much a platform charges for its services can make or break some people’s decisions.

The good news is that the trading fees of Delta exchange fees are reasonable. Below is Delta Exchange’s trading fees in more detail:

Note that withdrawals and deposits are subject to small trading fees depending on the cryptocurrency and network. Networks like TRC20 charge higher withdrawal fees compared to BEP20 (3 USDT VS 1 USDT) if you're withdrawing USDT.

On the other hand, if you choose to withdraw BTC via BEP20 rather than its own network, you'll pay lower fees at 0.00002 BTC as opposed to 0.001 BTC. It's important to be wise with your network choice, as the added fees can really eat up the total cryptocurrencies you'll receive.

Meanwhile, Delta Exchange does not impose any fees on deposits. However, there is a minimum deposit baseline for every cryptocurrency you invest in and the network you use.

For instance, if you deposit in USDT via the BEP20 network, you're tied to a minimum deposit of 0.5 USDT. However, if you choose the TRC20 network, you'll need to deposit at least 1 USDT. Deposits may also be processed automatically, although the entire procedure will take approximately 24 hours.

Want to calculate how much the costs that will be incurred before buying a contract? Delta Exchange’s fees calculator can help you out. All you need to do is select the contract, adjust the [Maker/Taker] toggle depending on which position you want to open, and specify how many contracts you want to trade.

How to Use Delta Exchange

So far, I’ve discussed Delta Exchange's benefits and drawbacks. But how to use the platform? If my Delta Exchange review has managed to convince you to give it a try, then you should know how to sign up and perform your first trade.

How to Sign Up on Delta Exchange

Here’s how you can sign up on Delta Exchange via your desktop (but the steps will remain similar on the Delta Exchange app):

Step 1: Click [Sign Up] on the front page of the website or the app.

Step 2: Enter your country of residence. Make sure to check whether trading on the platform is allowed in your country. Additional texts will appear below the box, notifying if your country is restricted or if you can only do limited trading.

Step 3: Set your email and password. To register faster, you can sign in using a Gmail or Apple account.

That’s pretty much all you need to do to make an account on Delta Exchange. To start trading, you need to fill in your bank details and pass the platform’s KYC verification.

How to Trade on Delta Exchange

Once you have an account, all that’s left to do next is to make your first trade, which you can do by following these steps:

Step 1: After logging in, navigate to the [Options] or the [Futures] tab and select the contract you want.

Step 2: Configure which currency you want your contract margined and settled in—USDT or BTC.

Step 3: Enter the number of contracts you want to sell or buy.

Step 4: Set your order into either limit or market type and place it.

On both the desktop and the Delta Exchange app, you will find all of your active orders in the [Open Orders] tab, which is located in the [Balances] panel. And, once the order is executed, it will show up in the [Open Position] tab.

Pros

• Secure and reliable
• Low fees
• A good amount of fiat currencies accepted

Main Features

• Reputable exchange
• Multiple fiat currencies are accepted
• Relatively low trading fees

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Pros

• Fiat currencies - accepted
• Simple to use
• Accepts only the most trustworthy cryptocurrencies

Main Features

• A leading cryptocurrency exchange platform
• Best for beginner investors
• Accepts fiat currencies

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Pros

• Fully reserved and transparent
• Multiple tradable asset classes
• Early new token support

Main Features

• 265 supports cryptocurrencies
• Secure & transparent
• Fully reserved

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Conclusion

That pretty much concludes my Delta Exchange review. To summarize, this crypto exchange is a solid derivative trading platform for traders who have more experience. The decent variety of contracts draws many people, especially those looking to diversify their derivatives portfolios with futures, perpetual contracts, or options.

Delta Exchange is also notable for being accessible to beginner derivative traders. There’s a demo website where they can practice their strategy, along with a Robo-trading feature to give them a good headstart. Not only that, the security measures of the platform are also pretty solid, with Delta Exchange's India version being FIU-registered and fully compliant.

However, there are also some drawbacks to note, namely the limited spot trading pairs as well as network and regional restrictions. Furthermore, US traders can’t access the platform because there is no Delta Exchange USA, and the country restricts the exchange’s services. So, if you're from the US, you may want to check out other exchanges like Kraken.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Moubarak J., Filiol E., Chamoun M.: 'On blockchain security and relevant attacks';

2. Singh M.: 'Taxability of Cryptocurrency in India'.